The Integrity Infrabuild Developers IPO, open for subscription until May 15, 2025, has gained a strong response with a 79% subscription rate on Day 2. The company, based in Gujarat, is a leading Class-A civil contractor with contracts totaling ₹20,598 lakhs. Investors have shown significant interest, particularly in the retail and NII portions.
The Integrity Infrabuild Developers IPO, a major infrastructure project launched by the Gujarat-based construction firm, has garnered a strong response from investors on May 14, 2025. The IPO is priced at ₹100 per share with a face value of ₹10, and it will remain open for subscription until May 15, 2025. The company, established in 2017, has already secured contracts worth ₹20,598 lakhs, and the IPO proceeds will help support its growth initiatives, including machinery procurement, working capital needs, and corporate expenses.
On Day 2, the IPO achieved a 79% subscription rate, with the retail portion fully subscribed at 81% and the NII portion standing strong at 76%. The shares on offer stand at 12,00,000 equity shares, with bids already received for 9,44,400 shares as of 12:04 IST. Investors are keeping a close watch on the IPO, which has attracted attention due to its potential in the fast-growing Gujarat construction market.
The Integrity Infrabuild Developers IPO aims to raise ₹12 crore through this fresh issue of shares. The company competes in the sector with companies like Udayshivakumar Infra Limited and V R Infraspace Limited, offering significant potential in the growing construction and infrastructure space in India. The grey market premium (GMP) for the IPO currently stands at ₹0, indicating that the shares are being traded at their issue price of ₹100.
The IPO is managed by Aryaman Financial Services Limited, with Link Intime India Private Ltd acting as the registrar and Aryaman Capital Markets Limited serving as the market maker.
